Members News

08 February 2024

Estonia's First Pumped Hydro Energy Storage Facility Has Issued an Invitation to Tender

Energiasalv has published an invitation to tender on the international platform, Mercell. The tender is for constructing and designing a 500-megawatt underground pumped hydro energy storage plant in Paldiski.

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02 February 2024

Energy Vault Expands Global Footprint for Gravity Energy Storage with 10 Year License and Royalty Agreement Covering Southern Africa

Energy Vault expands global footprint for Gravity Energy Storage with 10 year license and royalty agreement covering Southern Africa. The agreement includes multi-year license revenues and additional royalty revenue streams tied to project developments in South Africa and the broader 16 member-state SADC region.

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02 February 2024

Voith Hydro expands Board of Management

Voith Hydro expands Board of Management. As of March 1, 2024, Andreas Wellmann will join the Board of Management of Voith Hydro with responsibility for the Projects business. 

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06 July 2023

Energiasalv Secures EUR 11 Million Additional Funding for Zero Terrain PHS Project in Paldiski, Estonia

Energiasalv has acquired another EUR 11 million in additional financing for its EU Project of Common Interest (PCI project), the "Zero Terrain Paldiski" Pumped Hydro Energy Storage (PHS) plant in Estonia. The funding includes strategic investments from Alexela, Sunly, Combiwood Group, Warmeston, and Kiikri Kodu, further strengthening the project's financial position. 

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03 May 2023

Voith Hydro wins order to expand Kruonis pumped storage plant in Lithuania

Voith Hydro wins order to expand Kruonis pumped storage plant in Lithuania. Lithuania is investing in energy security, Kruonis pumped storage plant to be expanded for EUR 150 million and Voith Hydro is chosen to implement project as general contractor.
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20 March 2023

Voith Hydro and STRUCINSPECT advance monitoring of hydropower civil structures

Voith Hydro and STRUCINSPECT advance monitoring of hydropower civil structures, embodying a strong partnership between an experienced equipment supplier and a successful corporate start-up from Austria. Digital inspections lead to state-of-the-art digital infrastructure and lifecycle management, with the first hydropower facility monitoring currently underway in Scotland.

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09 March 2023

Voith Hydro opens new center of competence for generator components

Voith Hydro opens a new centre of competence for generator components located in central Europe, whose portfolio covers bars, coils, and poles for hydropower generators. The state-of-the art facility supplies Voith Hydro’s African and European markets as well as the Americas. Local officials and company representatives inaugurated the new generator component hub at the end of last year.

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